Polestar Investor Presentation
Appendix
Summary financial items
$mn
2021
2022E
2023E
2024E
2025E
Total volume (number vehicles sold)
29k1
50k
124k
225k
290k
% growth
185%
74%
148%
81%
29%
Total revenue
1,337
2,460
6,550
13,020
17,590
% growth
119%
84%
166%
99%
35%
COGS
(1,336)
(2,130)
(5,240)
(10,590)
(13,880)
Gross profit
1
330
1,310
2,430
3,710
EBIT
(995)
(910)
(150)
400
1,340
EBITDA
(756)
(730)
160
880
1,910
Capex²
(505)
(900)
(550)
(700)
(660)
% of revenue
(38%)
(37%)
(8%)
(5%)
(4%)
Adjusted Unleveraged Free Cash Flow
(1,282)
(1,730)
(740)
(160)
1,130
1. Polestar delivered 28,677 vehicles during the year ended December 31, 2021 of which 2,836 vehicles included buy-back agreements and 2,081 internal vehicle deliveries.
2. Capex defined as capitalised investments in tangible and intangible assets (externally acquired and internally generated) excl. capitalised leases.
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